Deutsche Bank AG Grows Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Deutsche Bank AG increased its stake in Exxon Mobil by 4.0% to over 12 million shares, making it the bank's 26th largest position, valued at approximately $1.44 billion.
• Exxon Mobil reported a 12.4% decrease in revenue year-over-year despite exceeding EPS expectations, with a net margin of 9.17% for the last quarter.
• The company announced a $0.99 quarterly dividend, with an annual yield of 3.7%, set to be paid to shareholders in September.

Deutsche Bank AG lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,079,954 shares of the oil and gas company's stock after buying an additional 467,372 shares during the quarter. Exxon Mobil makes up 0.6% of Deutsche Bank AG's investment portfolio, making the stock its 26th largest position. Deutsche Bank AG owned about 0.28% of Exxon Mobil worth $1,436,669,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Northern Trust Corp raised its stake in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Exxon Mobil in the fourth quarter valued at about $240,653,000. Massachusetts Financial Services Co. MA lifted its position in Exxon Mobil by 8.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock worth $2,409,106,000 after acquiring an additional 1,550,248 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Exxon Mobil by 68.3% during the first quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company's stock worth $405,090,000 after purchasing an additional 1,382,760 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.6%

Shares of NYSE XOM opened at $106.56 on Thursday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The business has a fifty day simple moving average of $109.73 and a 200-day simple moving average of $109.05. The company has a market cap of $454.28 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.02 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the firm posted $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on XOM shares. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $125.26.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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